Filed April 26, 2018
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $53,141 | $102,382-48.1% | $147,005-63.9% | $80,874-34.3% |
| Participation rate | 100.0% | 75.8%+24.2pp | 82.2%+17.8pp | 67.6%+32.4pp |
| Annual return | 15.81% | 134.89%-119.1pp | 418.76%-403.0pp | 35.62%-19.8pp |
| Employer contribution / active EE | $2,458 | $3,715-33.8% | $4,934-50.2% | $2,756-10.8% |
| Participant deferral / active EE | $6,523 | $6,646-1.9% | $8,070-19.2% | $4,297+51.8% |
| Admin fee / account holder | $8,872 | $7,942+11.7% | $13,006-31.8% | $6,935+27.9% |